Toyota just scored $4.5 million to fix EVs' biggest flaw — here's what it's doing
One of the biggest concerns about EVs is their batteries. According to UL Research Institutes, lithium-ion batteries (which EVs are usually powered by) become electronic waste when they're disposed of, contributing to pollution and possible fires in landfills.
Lithium mining also leads to pollution. Brine extraction, which is one way battery minerals are mined, sucks up water and uses "toxic chemicals to process lithium."
Because of this, many people have reservations about using EVs. (While these concerns are valid, it should be noted that EVs are more eco-friendly than gas-powered cars, regardless of their batteries.)
In the very near future, those concerns may be completely addressed and resolved. Toyota's new project boils down to better management of EV battery waste.
The company plans on evaluating each battery component to try to extend battery life, reduce what's disposed of, and recycle parts. The goal is to do this on an industrial level.
Multiple laboratories and research centers — the Oak Ridge National Laboratory, the National Renewable Energy Laboratory, and Baker Hughes' Waygate Technologies — are helping Toyota in its endeavor. They're collaborating on developing high-end tech that can swiftly analyze battery parts, speeding up the recycling process.
"By extending the life of the battery components, we reduce their total emissions per mile," Marm Dixit of ORNL told Electrek. "That's a big deal for the role EVs can play in the energy transition."
This is one of many recent advancements for EVs. In December, Mercedes-Benz partnered with startup Factorial to create state-of-the-art, long-range EV batteries. The more advancements there are with EVs, the better it'll be for the planet.
If you were going to purchase an EV, which of these factors would be most important to you?
Cost
Battery range
Power and speed
The way it looks
Click your choice to see results and speak your mind.
"Good stuff," one Redditor said. "Sorely needed."
Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Microvast Holdings (MVST) Announces Strategic Partnership with Evoy
Microvast Holdings, Inc. (NASDAQ:MVST) is one of the Best Performing EV Stocks So Far in 2025. The company has announced a strategic partnership with Evoy, which is a Norwegian company that specializes in high-output electric motor systems for boats. Notably, this collaboration is Microvast Holdings, Inc. (NASDAQ:MVST)'s debut in the electric boat segment and reflects an expansion of Evoy's battery options for diverse market applications. Notably, Evoy plans to integrate Microvast MV-I high-power battery packs into the leisure boat product line. A row of electric vehicles all powered by the company's advanced battery systems. For Q1 2025, Microvast Holdings, Inc. (NASDAQ:MVST) booked a net profit of $61.8 million and a positive adjusted EBITDA of $28.5 million, reflecting an increased demand for its advanced battery solutions as well as the effectiveness of its emphasis on profitability and operational efficiency. The company achieved record Q1 2025 revenue of $116.5 million, a strong 43.2% YoY growth. Furthermore, Microvast Holdings, Inc. (NASDAQ:MVST) continues to achieve significant traction in the commercial vehicle sector, mainly within EMEA, where it saw more than 100% growth YoY. Microvast Holdings, Inc. (NASDAQ:MVST) expects that its high-growth EMEA business will maintain strong momentum and will continue to fuel YoY revenue increases. The company has been actively pursuing new strategic partnerships in the region in order to help its current and upcoming product lines. Microvast Holdings, Inc. (NASDAQ:MVST) offers battery technologies for EVs and energy storage solutions. While we acknowledge the potential of MVST as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Citi Maintains a Buy Rating on XPeng (XPEV) Stock
XPeng Inc. (NYSE:XPEV) is one of the Best Performing EV Stocks So Far in 2025. Analyst Jeff Chung of Citi maintained a 'Buy' rating on the company's stock, while retaining the price objective of $29.00. The analyst's rating is backed by several compelling factors demonstrating the company's strategic positioning and growth potential. Furthermore, the recent launch of the G7, which is a mid-size BEV-SUV, demonstrated promising initial demand. A close-up of a luxury electric sports sedan, its sleek body reflecting the energy of progress. The analyst also highlighted that G7's advanced features place it as a technologically advanced option in the broader market. The partnership with NVIDIA, along with the planned adoption of high-performance chips for future models, demonstrates a commitment to innovation. Furthermore, XPeng Inc. (NYSE:XPEV) has officially opened its order books for the fully-renewed Ultra Smart Coupe SUV G6 and Ultra Smart Premium SUV G9 in Europe. In June 2025, the company delivered 34,611 Smart EVs, demonstrating a YoY rise of 224% and marking the 8th consecutive month in which deliveries surpassed 30,000 units. In Q2 2025, XPeng Inc. (NYSE:XPEV) delivered 103,181 Smart EVs, setting a new quarterly record. XPeng Inc. (NYSE:XPEV)'s top management believes that its robust product cycle, global expansion, and accelerated adoption of physical AI technologies will drive strong and sustainable growth. While we acknowledge the potential of XPEV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
Fly-E Group (FLYE) Sees Gross Margin Improvement
Fly-E Group, Inc. (NASDAQ:FLYE) is one of the The company has released its financial results for the fiscal year ended March 31, 2025, with net revenues coming at $25.4 million versus $32.2 million in FY 2024. Fly-E Group, Inc. (NASDAQ:FLYE) saw an improvement in gross margin to 41.1% (up from 40.7% in FY 2024), thanks to the cost reductions and more favorable pricing obtained from its suppliers, mainly in battery sourcing. A close-up of a person riding a two-wheeled electric vehicle, against modern street backdrop. With an emphasis on innovation, Fly-E Group, Inc. (NASDAQ:FLYE) provides a broad and growing product portfolio of more than 100 models throughout E-motorcycles, E-bikes, and E-scooters. Its rental service, which is active in New York City, Toronto, and Los Angeles, continues to gain strong traction. Fly-E Group, Inc. (NASDAQ:FLYE) remains well-capitalized to invest in inventory, vehicle production, and working capital. Moving forward, it remains focused on improving product safety, expanding the geographic reach, and investing in digital platforms. Fly-E Group, Inc. (NASDAQ:FLYE) remains optimistic about its growth prospects despite the decline in revenue, considering it has established a strong reputation and invested in marketing and product diversification. Fly-E Group, Inc. (NASDAQ:FLYE) is an EV company that is mainly engaged in designing, installing, and selling smart electric motorcycles, electric bikes, electric scooters, and related accessories. While we acknowledge the potential of FLYE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey.
